Strong Results Reinforced by New Total of 5,200 RezView® NG Upgrades |
DALLAS (October 15, 2008) � Pegasus Solutions Inc. announced today that renewed contracts for its reservations, distribution, financial services and representation business units in the third quarter exceeded $26 million, while new signings approached the $10 million mark. Additionally, the company surpassed 5,200 upgrades for its next generation central reservation system, RezView NG, including Hospitality International Inc. and Gaylord Entertainment. Other highlights for the quarter included an exclusive agreement with Travelport GDS to offer Galileo-connected travel agencies reduced pricing on commission processing services, a contract with Carlson Wagonlit Travel for commission processing services, and an increase of 89% in the number of independent and small group hotels participating in corporate programs through its representation arm, Utell® Hotels & Resorts. With the economic slowdown, Pegasus CEO Mike Kistner said the positive sales figures and momentum across all business units were indicative of the company�s good industry relationships and understanding of the business needs of hotels, travel distributors and agents. �As hospitality providers, agents and travelers are watching the bottom line more closely, it�s our job at Pegasus to create value through efficiency and performance,� said Kistner. �Customers that renewed with us this quarter did so because they saw tangible results that positively affected their business. The clients that have just joined, or come back, did so because they needed to break through the negative economic forces to develop and implement the best strategy to keep their business as healthy as possible.� Kistner, who was named CEO at the close of the second quarter, also named a president of representation services in the third quarter. Ric Leutwyler joined Utell from Best Western to head Utell and Unirez by Pegasus�, which with a combined 11,000 hotels represented, make Pegasus the world�s largest third-party marketing and reservations provider. In addition to distribution agreements with Drury
Hotels, Kuoni
Destination Management, and Splendia.com;
Pegasus announced industry-leading
reliability and response for RezView with 99.997 percent availability
and under one-tenth of a second response times for 2007.
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Contact:
Ariel Herr for Pegasus
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